Prime Minister Shehbaz Sharif emphasized the need for Pakistan to increase its revenues urgently. During a visit to the Federal Board of Revenue (FBR) headquarters, he highlighted the dangers of relying on borrowing. He stated that reducing dependence on the International Monetary Fund (IMF) requires substantial economic reforms. Sharif pointed out that rising public debt […]
tax reforms
World bank slams Pakistan’s tax system as unfair
The World Bank has strongly criticized Pakistan’s tax system, calling it “highly unfair and flawed,” and urged authorities to effectively bring real estate into the tax net. It stressed that broadening the tax base is crucial to reduce the growing burden on the salaried class. During a conference titled “Pakistan’s Fiscal Path: Fostering Transparency and […]
Pakistan introduces tax reforms and economic growth plans: Finance Minister’s key updates
Finance Minister Mohammad Aurangzeb announced that salaried citizens in Pakistan will soon be able to file taxes from home. The new system eliminates the need for lawyers and aims to simplify tax procedures. He emphasized the government’s focus on reducing human involvement and using technology for a transparent tax system. This step is part of […]